Scottish and Southern Energy's promise to drop prices

Commenting on Scottish and Southern Energy’s (SSE) promise to drop prices, Paul Schofield, head of utilities at price comparison website moneysupermarket.com, said:

“Following npower’s online price drop, SSE’s promise to drop prices within the next few months is a far cry from what customers want and deserve to hear.

“Energy firms have been reaping the profits from cheaper wholesale gas prices since last summer, but this further delay means it could be nearly summer again before those savings are passed on to customers. Prices should be cut now, not in a few months time, and the energy firms need to be brave enough to stick their necks out, and not wait for British Gas to move first, which is surely what most companies are doing.

“My advice is to take advantage of cheaper deals already available, such as npower’s Sign Online tariff, which charges the average customer £823 per year for their gas and electricity. SSE’s online tariff is on average £922 per year for a dual fuel customer, representing a £100 saving to be made simply by shopping around.”

moneysupermarket.com is making a stand to help these people ditch their expensive power companies and get the cheapest energy deal by offering £30 cash-back to all customers swapping to a dual fuel tariff through its service. Those not going for a dual fuel tariff but changing a provider or tariff will benefit from a single £17.50 payment.